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Iran gasoline consumption falls back to 65 million litres per day

Business Materials 21 May 2013 16:00 (UTC +04:00)

Azerbaijan, Baku, May.21/ Trend R.Zamanov

Iran's average gasoline consumption stood at 65.2 million litres per day in the week to May 17, the IRNA News Agency reported.

The country's gasoline consumption had soared to over 80 million litres per day in the first days of the current Iranian calendar year (which started March 21). The rise in gasoline consumption was due to holiday trips.

The country's average gasoline consumption stood at around 71.6 million litres per day in the previous Iranian calendar year, the ISNA News Agency reported.

It is while according to the Deputy Oil Minister Alireza Zeyqami Iran's average gasoline consumption stands at around 63.5 million litres per day.

Kashkouli also said last month that not implementing the second phase of subsidy reform plan would raise Iran's gasoline consumption to 70 million litres per day which is eight per cent more than the current figure.

Implementing the second phase of the reform plan would also prevent the country's gas oil consumption rising by seven million litres per day, the IRNA News Agency quoted Kashkouli as saying.

Zeyqami said in February that the country will stop producing gasoline in petrochemical complexes by the end of the Iranian month of Khordad (June 21).

Once the gasoline production units of Lavan, Abadan, and Tabriz refineries come on stream, the country's gasoline production capacity would surpass Iran's consumption rate so we can stop gasoline production in the petrochemical complexes, the ISNA News Agency quoted him as saying.

Zeyqami went on to note that Iran's production capacity currently stands at 61 million tons per day.

Currently 22 million litres of gasoline conforming to Euro 4 and Euro 5 standards is being produced in the country, he said.

Zeqami expressed the hope that Tehran's total gasoline production capacity would reach 70 million litres per day by the end of the next Iranian calendar year (March 20, 2014).

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